PS: Another reason I haven't sold the annuity is that we would have a very large gain upon which, as I stated earlier, we would pay taxes at the ordinary rate, I think.

Also noticed another error. We went into the annuity in order to achieve more TAX-deferred growth. We chose T.Rowe because their total charges were equal to or less than many of the mutual funds on the market.

If I were to get to make a choice today, I'd choose a Cash King type investment over the annuity. BTW, all the mutual funds we converted into CK type investments were in protected accounts (IRAs & KEOGH) so we didn't have to be concerned with the tax consequences:-)

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